US Debt “already 600% of GDP” – What to do about it

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“According to my calculations it is impossible that the American government can fulfill its obligations because the current deficit is over one trillion, this year 1.6 trillion , and that will not come under one trillion and that increase the national debt .The Total debt is already 375% of the GDP , but that does not still include the not yet covered debts of medicaid medicare and social security, if you would include it then the national debt is already 600% of the GDP. So they have to massively print money in the future that will lead to an inflation and recession in the same time, so they might get into a depression and synchronized an inflation as they have in Zimbabwe. The result will be that they will intervene in a war – and the americans are good in finding enemies around the world, That will end in a big conflict and the whole system will collapse” This scenario won’t happen tomorrow but in the next 5-10 years guaranteed Marc Faber added.

Why you should invest in precious metals

Marc Faber : there are different economic schools. We have the Austrian school,  the school of rational expectations,  monetary schools and so on and so forth. In The US we have a totally new school that is called the Zimbabwe school and it was founded by one of the great leaders of this world mister Robert Mugabe that has managed to totally impoverish his own country and that is the monetary policy the US is pursuing. If something goes wrong : print if it does not get fixed print more …..
When paper money is devalued what will you have to trade for goods or services. Trust in Gold, silver, platinum, palladium, copper, nickel, aluminum, brass, lead. Faber advises to avoid industrial commodities copper, nickel, and zinc, for the time being. Faber believes China’s economy will slow down and likely crash in 9-12 months. He suggests avoiding industrial commodities, like copper, nickel, and zinc, for the time being and avoiding companies exposed to Chinese economic growth. Faber finds wheat, corn, and soybeans attractive and believes these agricultural commodities are in the process of making major lows.